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ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS (ECONOMIC GROWTH (Emergence…
ECONOMIC TRANSFORMATIONS AND SOCIAL CHANGERS
DEMOGRAPHIC GROWTH
During XV and XVI centuries
Due to improved harvests
Slow due to diseases
Population growth was high
SOCIAL CHANGES
Economy developed more complex forms above the the three states society
Bourgueoisie
grow wealther due to trade, banking and businesses
There social status is over commoners
Peasantry
Their conditions improved in Western Europe
Freed from serviture
In eastern europe, peasants were more tied to land
Nobility and clergy
accept increased power of monarchs
still are privileged states
ECONOMIC GROWTH
Handicrafts sector avoids guilds by giving peasants raw materials and tools so they can do work at home. Businesspeople then collect them and sell them
Agrarian activities were more professional. New harvests and clearing of new land
Emergence of capitalist economic system
Emergence of capitalist economic system
Merchant capitalism
Capital accumulated due to trade
First banks
Taula de Canvi
Barcelona
Fuger
Medici
Trade
New products from africa were imported
more land discovered = more trade routes and more trade
:crown:
:evergreen_tree:
:lower_left_crayon:
:earth_africa:
:moneybag: